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Wealth maximisation financial management: What are the Scope and Objectives of Financial Management?

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Question added by Mounia Adel , Communications Officer , Etisalat
Date Posted: 2017/08/29
Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

I agree with this good answer

Khizar Muhammad
by Khizar Muhammad , Division Accountant , Saad Al Qahtani Contracting (SAQCO)

The scope of Financial Management normally includes acquiring finance or capital, investing that capital and managing the assets where capital is employed. By better financial management, wealth can be added by right decisions being made at each department. For example while acquring finance, reducing weighted average cost of capital is objective. Finance is investing in profitable projects and assets are managed in way to maximize the output.

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